USDTRY: 1D, LONG!

Lira is the best performing EM currency against US dollar at the moment. Not a surprising move after unorthodox monetary policy by CBRT. However I do think we are pretty close to a rebound from here. AB=CD move and daily demand zone area crossing, this is where I will be looking for bullish price action.
AB=CDFundamental AnalysisliraSupply and DemandUSDTRY

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Penafian